Global net lease, inc. (GNL)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11
Revenue from tenants

309,988

306,214

300,755

294,737

289,589

282,207

277,583

270,529

264,544

259,295

245,466

233,847

222,057

214,174

217,444

214,445

210,317

205,332

195,595

171,245

135,805

93,383

49,551

24,881

11,453

3,951

1,507

275

75

30

0

0

0

0

0

Expenses (income):
Property operating

28,332

28,314

30,363

27,459

28,621

28,732

27,831

29,732

29,091

28,857

27,656

24,655

20,627

19,038

20,805

19,933

19,768

18,180

16,265

14,364

11,773

7,947

2,475

1,061

275

42

14

0

0

0

0

0

0

-

-

Fire (recovery) loss

-

-

1

-30

-

50

0

0

0

-

805

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fire (recovery) loss

-

-

-

-

-

-

0

-

-

-

-

500

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating fees to related parties

34,043

33,292

31,734

30,470

29,446

28,234

27,549

26,983

25,558

24,457

22,946

21,418

20,664

19,751

19,594

19,634

18,740

15,167

10,587

5,904

1,978

797

448

247

113

50

24

6

1

1

0

0

0

-

-

Impairment charges and related lease intangible write-offs

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition, transaction and other costs (Note 9)

1,338

1,320

9,908

12,520

12,787

13,850

4,942

3,279

2,608

1,979

9,695

11,033

10,617

9,792

2,453

4,654

4,839

6,053

35,591

60,035

68,067

83,498

57,053

31,185

24,261

7,745

4,576

1,320

0

-

0

0

-

-

-

Listing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Vesting of Class B Units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of listing note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

General and administrative

9,863

10,108

11,391

11,356

11,594

10,439

10,179

9,432

8,929

8,648

8,101

7,347

7,174

7,108

6,829

7,155

7,167

7,175

7,365

6,065

5,050

4,314

2,617

1,896

1,030

58

60

134

186

183

173

80

0

0

0

Equity-based compensation

9,909

9,530

8,490

8,042

5,590

2,649

21

-2,423

-4,635

-3,787

-1,269

415

2,720

3,748

2,297

2,921

3,354

2,345

2,527

610

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

128,226

125,996

124,085

122,660

121,389

119,582

118,062

117,746

115,430

113,048

107,895

101,498

97,813

94,455

94,968

94,435

92,712

90,070

79,419

71,596

57,147

40,387

28,394

13,952

6,436

2,112

859

175

51

21

0

0

0

-

-

Total expenses

218,086

214,935

227,345

217,537

214,456

208,436

188,385

184,214

176,947

173,247

175,219

166,866

159,615

153,892

143,716

144,452

179,713

172,123

187,315

195,257

144,050

136,943

91,717

48,999

32,115

10,007

5,761

1,863

466

433

173

80

0

0

0

Operating income before gain (loss) on dispositions of real estate investments

91,902

91,279

73,410

77,200

75,133

73,771

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

29

21

21

14

0

0

0

-

-

-

-

-

-

-

-

-

-

Losses on foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-186

-757

-3

41

35

35

18

0

-

0

0

-

-

-

Realized losses on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) gain on dispositions of real estate investments

22,724

23,616

14,769

5,859

-4,859

-5,751

-5,751

-3,543

132

1,089

13,110

14,155

14,298

13,341

1,320

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

114,626

114,895

88,202

83,082

70,274

68,020

84,536

83,586

88,686

87,137

83,588

80,322

75,783

73,623

73,728

69,993

30,604

33,209

8,280

-24,012

-8,245

-43,560

-42,166

-24,118

-20,662

-6,056

-4,254

-1,588

-391

-403

0

0

0

-

-

Other income (expense):
Other income (expense):
Interest Expense

65,477

64,199

62,484

61,434

60,160

57,973

55,300

52,675

49,894

48,450

44,648

41,083

40,083

39,121

40,182

40,309

37,622

34,864

31,267

26,307

20,974

14,852

8,940

5,207

2,645

969

423

75

23

10

0

0

0

-

-

Loss on extinguishment of debt

-

-

0

0

-

-

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Derivative Instruments, Net, Pretax

3,672

769

7,624

5,870

10,813

7,638

2,969

-1,446

-10,769

-8,304

-3,073

427

7,247

7,368

5,006

6,941

-625

3,935

4,067

2,606

6,171

1,881

599

-250

-79

0

0

0

0

-

-

-

-

-

-

Unrealized income (loss) on undesignated foreign currency advances and other hedge ineffectiveness

0

76

-376

-268

-315

-434

104

84

-2,840

-3,679

731

2,102

9,325

10,109

8,292

8,338

3,578

5,124

3,832

2,327

2,835

1,387

0

0

0

-

-

-

-

-

-

-

-

-

-

Unrealized losses on non-functional foreign currency advances not designated as net investment hedges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,558

-2,935

-2,935

8,907

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Other income

260

216

-69

-23

-30

-23

77

35

26

22

11

13

18

20

85

71

75

79

102

260

296

291

205

57

9

1

0

0

0

-

-

-

-

-

-

Total other expense, net

-62,494

-64,087

-56,633

-59,232

-53,589

-54,689

-57,136

-56,101

-64,434

-60,411

-47,210

-37,727

-22,536

-21,624

-26,102

-25,640

-47,117

-29,335

-25,667

-24,194

-2,936

-11,465

-8,893

-5,403

-2,674

-933

-378

-47

0

-

0

0

-

-

-

Net income before income tax

52,132

50,808

31,569

23,850

16,685

13,331

27,400

27,485

24,252

26,726

36,378

42,595

53,247

51,999

47,626

44,353

-16,513

3,874

-35,446

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Income tax expense

4,299

4,300

2,280

1,870

2,290

2,400

3,724

3,954

3,264

3,100

5,170

4,858

4,778

4,422

3,671

3,926

4,799

5,889

1,627

854

209

-1,431

0

0

0

-

-

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

47,801

46,476

29,255

21,946

14,361

10,897

23,636

23,491

20,948

23,586

31,208

37,737

48,469

47,577

43,955

40,427

-21,312

-2,015

-39,022

-51,989

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

21

146

219

388

437

449

432

120

50

-87

-143

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends

14,019

11,941

10,727

10,101

9,849

9,815

9,812

7,740

5,285

2,834

383

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

33,782

34,535

18,528

11,845

4,512

1,082

13,824

15,751

15,663

20,731

30,679

37,518

48,081

47,140

43,506

39,995

-21,432

-2,065

-19,585

-49,575

-11,390

-53,594

-50,989

-29,521

-23,336

-6,989

-4,642

-1,645

-414

-413

-173

-80

0

0

0

Cumulative translation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1,410

-238

-70

10

0

0

0

-

-

Designated derivatives, fair value adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-1,555

397

51

-53

0

0

0

-

-

Other Comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss) attributable to stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-4,787

-1,486

-433

-456

-173

-80

0

0

0

Earnings Per Share [Abstract]
Basic and diluted net income per share attributable to common stockholders (in dollars per share)

0.05

-

0.08

0.15

0.07

-

0.00

0.08

0.03

-

0.03

0.08

0.11

0.27

0.16

0.28

0.11

0.04

0.03

-0.25

0.14

0.21

-0.14

-0.07

-0.43

-

-0.44

-0.47

-

-

-

-

-

-

-

Weighted average common shares outstanding:
Earnings Per Share, Basic and Diluted [Abstract]
Basic (in shares)

89,458

89,548

85,254

83,847

81,474

73,623

69,441

67,292

67,287

-

67,286

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in shares)

89,499

91,232

86,202

85,165

82,798

74,631

69,441

67,292

67,287

-

67,286

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and Diluted (shares)

-

-

-

-

-

-

-

-

-

-

-

66,652

66,271

-

56,463

56,316

56,312

-296,072

168,948

180,380

179,156

179,492

175,401

111,819

37,602

11,595

7,023

2,755

439

190

22

22

22

-

-

Occupancy
Total revenues

-

-

-

-

-

-

-

-

-

-

-

-

211,030

204,049

206,121

203,201

198,699

194,620

184,722

162,286

128,275

88,158

48,375

24,196

11,173

3,900

1,493

272

72

30

0

0

0

-

-

Tenant Reimbursements
Total revenues

-

-

-

-

-

-

-

-

-

-

-

-

11,027

10,125

11,323

11,244

11,618

10,712

10,873

8,959

7,530

5,225

1,176

685

280

51

14

3

3

0

0

0

0

-

-